09 Jun

Minimum Support Prices 2021-22 Kharif

Ramanjaneyulu GV , ,

Government of India has announced Minimum Support Prices for all the mandated crops for the Kharif Season, 2021-22. Crop  MSP 2020-21  MSP 2021-22  Cost* of production 2021-22 (Rs/quintal)  Increase in MSP(Absolute)  Return over cost (in per cent)  Paddy (Common)  1868  1940  1293  72  50  Paddy (GradeA)^ A)A  1888  1960  –  72  –  Jowar (Hybrid) (Hybrid)  2620  2738  1825  118  50  Jowar […]

09 Aug

One Lakh Crore Agri-Infrastructure Fund Launched

August 9th Prime Minister has launched Agriculture Infra Structure Fund. Under the scheme, Rs. One Lakh Crore will be provided by banks and financial institutions as loans to Primary Agricultural Credit Societies (PACS), Marketing Cooperative Societies, Farmer Producers Organizations (FPOs), Self Help Group (SHG), Farmers, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Startups, Aggregation […]

17 Jul

2020: Amendment to Essential Commodities Act 1955

Ramanjaneyulu GV ,

This Ordinance has inserted a sub-section 1A  in Essential Commodities Act 1955 saying that only in extraordinary circumstances like war, famine, natural calamity etc. can the government “regulate the supply of such foodstuffs, including cereals, pulses, potato, onions, edible oilseeds and oil”, and price caps will be triggered only when prices rise by 100% (for […]